4550 Excel Parkway

Posted in: - Jul 29, 2013

TLC acquired the Addison II building in September 2009 through our equity fund, Luzzatto Real Estate Value Fund I, L.P. The property is a two-story flex office building with 182,000 net rentable square feet located in the thriving Far North Dallas suburb of Addison, Texas. TLC purchased the investment at well below replacement cost with strong in-place cash flow.

At 60% occupancy at the time of sale, the Addison II building provided an excellent opportunity to increase cash flow through the lease up of vacant space.

Property Photos